Students of Department of Computer Science and Engineering (CSE), Faculty of Engineering and Technology, Manav Rachna International University, attended a Webinar on Operations Research, on February 23, 2017, at its MRIU Campus, Faridabad. The webinar was organized for the students of pre-final year, studying B. Tech IBM specialization courses. The attendees gathered in a lecture theatre, where the lecture was streamed live.
The session began at 12.00 pm in A- Block lecture theatre. The lecture elaborated majorly upon the advantages of OR model, for instance ease of describing the relationship, how a problem can be viewed in its entirety and how it helps in transmitting ideas among other peers in an organization etc.; Features of OR solution such as reliability, economically viable and technically appropriate etc.; Applications of OR in the areas of Finance and Accounting, Investment and Auditing, Marketing and Media planning, Procurement and exploration, Product management, Manufacturing etc. The lecture also introduced the concept of Linear Programming and its basic components namely Decision variable, Objective function, Constraints and Non-negativity; assumptions of Linear programming such as certainty, additivity, linearity and divisibility.